GUANGZHOU, China and AURORA, Ontario, Nov. 20, 2025 (GLOBE NEWSWIRE) — Today, GAC and Magna announced a vehicle assembly program to accelerate electric mobility and expand localized EV production in Europe. The collaboration underscores GAC’s regional commitment, extending assembly, supply and sales, while highlighting Magna’s leadership in vehicle manufacturing. Serial production of GAC’s electric SUV… Continue reading GAC Accelerates European EV Strategy with Magna Vehicle Assembly Program
Author: Magna International Official News
Magna Deepens China Footprint to Meet Growing EV Demand
New facility in Wuhu to produce electric drives for Chery and support future growth Magna advances electrification capabilities and market reach in China Expansion expected to create approximately 200 new jobs AURORA, Ontario, Nov. 18, 2025 (GLOBE NEWSWIRE) — Magna is strengthening its presence in China with a new facility in the Jiujiang Economic Development… Continue reading Magna Deepens China Footprint to Meet Growing EV Demand
Magna Announces Renewal of Normal Course Issuer Bid
NCIB authorizes the discretionary repurchase of up to 25,300,000 Magna Common Shares, representing approximately 10% of Magna’s public float. NCIB takes effect on November 7, 2025, and terminates no later than November 6, 2026. AURORA, Ontario, Nov. 05, 2025 (GLOBE NEWSWIRE) — Magna International Inc. (TSX: MG; NYSE: MGA) announces today the Toronto Stock Exchange’s… Continue reading Magna Announces Renewal of Normal Course Issuer Bid
Magna Announces Third Quarter 2025 Results
Strong execution and operational excellence drove improved performance Year-over-year comparison (third quarter of 2025 versus third quarter of 2024): Sales increased 2% to $10.5 billion, supported by a 3% rise in global light vehicle production Income from operations before income taxes was $473 million, down 32%, as the prior year included recognition of Fisker deferred… Continue reading Magna Announces Third Quarter 2025 Results
Magna Ramps Up Driver and Occupant Monitoring System Deployment in China with Germany-Based OEM
Magna expands global partnership with growing DMS volumes in China and Europe Following initial SOP in 2024, Magna’s DMS is now entering its first full year of scaled global production First-to-market, scalable DMS supports China’s automotive innovation and safety regulations AURORA, Ontario, Oct. 29, 2025 (GLOBE NEWSWIRE) — Magna, one of the world’s largest automotive… Continue reading Magna Ramps Up Driver and Occupant Monitoring System Deployment in China with Germany-Based OEM
Magna International Inc. Announces Date for Third Quarter 2025 Results
AURORA, Ontario, Sept. 24, 2025 (GLOBE NEWSWIRE) — Magna International Inc. (TSX:MG) (NYSE:MGA) MAGNA INTERNATIONAL INC.ANNOUNCES DATE FOR THIRD QUARTER 2025 RESULTS FRIDAY, OCTOBER 31st, 2025 @ 8:00 AM ET LIVE AUDIO WEBCAST Webcast Registration: https://events.q4inc.com/attendee/726766546 DIAL-IN DETAILS Participant Toll-Free Dial-In: 1-800-715-9871 Participant Toll Dial-In: 1-646-307-1963 Conference ID: 9829976 Slide presentation will… Continue reading Magna International Inc. Announces Date for Third Quarter 2025 Results
Magna Awarded Vehicle Assembly Business With Chinese OEM XPENG
New program marks the first Chinese automaker to localize production in Magna’s complete vehicle operations in Europe Magna to assemble two fully electric vehicle models Serial production is set to begin in Q3 2025 AURORA, Ontario, Sept. 15, 2025 (GLOBE NEWSWIRE) — As Chinese car manufacturers enter the European market, the need for localized production… Continue reading Magna Awarded Vehicle Assembly Business With Chinese OEM XPENG
Magna Names Philip D. Fracassa Chief Financial Officer
Patrick McCann to step down after more than 26 years with Magna, including as CFO since 2022 Philip Fracassa joins Magna as CFO effective immediately after 20 years at The Timken Company (NYSE: TKR), where he held the CFO role for over a decade Magna looks forward to continuing to execute on its long-term strategy,… Continue reading Magna Names Philip D. Fracassa Chief Financial Officer
Magna to Showcase Its Vision for Safer, Smarter, Greener Mobility at IAA Mobility 2025
Discover Magna’s broad portfolio of sustainable materials, drivetrains and energy storage systems at IAA Mobility Hall B3, Booth E40 Experience outdoor live vehicle demos and expert insights into Magna’s latest Radar Technologies and Interior Sensing Systems Explore the latest breakthroughs in occupant monitoring, sensor fusion and AI-powered decision-making SAILAUF, Germany, Aug. 11, 2025 (GLOBE NEWSWIRE)… Continue reading Magna to Showcase Its Vision for Safer, Smarter, Greener Mobility at IAA Mobility 2025
Magna Announces Second Quarter 2025 Results
Strong second quarter performance reflected disciplined execution and operational excellence Comparing the second quarter of 2025 to the second quarter of 2024: Sales decreased 3% to $10.6 billion, as light vehicle production declined 6% and 2% in North America and Europe, respectively Income from operations before income taxes increased 16% to $496 million Adjusted EBIT… Continue reading Magna Announces Second Quarter 2025 Results